Curtailment definition

Curtailment. Any Principal Prepayment made by a Mortgagor which is not a Principal Prepayment in Full.
Curtailment. Any Principal Prepayment made by a Mortgagor which is not a Prepayment in Full.
Curtailment. Any payment of principal on a Mortgage Loan, made by or on behalf of the related Mortgagor, other than a Scheduled Payment, a prepaid Scheduled Payment or a Payoff, which is applied to reduce the outstanding Stated Principal Balance of the Mortgage Loan.

Examples of Curtailment in a sentence

  • Curtailment requires that all of a turbine’s rotor blades be completely precluded from rotation about the rotor hub.

  • APA DEWAP will keep the extent and duration of any Curtailment under clause 5.1 to the minimum reasonably required in accordance with Good Electricity Industry Practice.

  • If APA DEWAP notifies User of a Curtailment under clause 5.1 in advance of a requirement for User to take any action, User (acting as a Reasonable and Prudent Person) must comply, or procure compliance, with any requirements set out in the Notice concerning the Curtailment.


More Definitions of Curtailment

Curtailment. Any payment of principal on a Mortgage Loan, made by or on behalf of the related Mortgagor, other than a Monthly Payment, a Prepaid Monthly Payment or a Payoff, which is applied to reduce the outstanding principal balance of the Mortgage Loan. (Prepayment penalties are not payments of principal and hence Curtailments do not include prepayment penalties.)
Curtailment means a reduction in firm or non-firm transmission service in response to a transfer capability shortage as a result of system reliability conditions. Curtailment Service Provider:
Curtailment means a reduction in firm or non-firm transmission service in response to a transfer capability shortage as a result of system reliability conditions.
Curtailment. With respect to a Mortgage Loan, any payment of principal received during a Due Period as part of a payment that is in excess of the amount of the Monthly Payment due for such Due Period and which is not intended to satisfy the Mortgage Loan in full, nor is intended to cure a delinquency.
Curtailment means inducing retail customers to reduce load during times of peak demand so as to
Curtailment. Any payment of principal on a Loan, made by or on behalf of the related Mortgagor, other than a Monthly Payment, a Prepaid Monthly Payment or a Payoff, which is applied to reduce the outstanding Principal Balance of the Loan.